Navistar International Corp. said Friday it will issue restated financial results for 2003-2005, as well as its 2007 third quarter fiscal operational metrics at an investor meeting in New York next month.
September 21, 2007Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
E&MU: Eaton, Truck Makers Ready Medium Hybrid for 2008
Hybrid drivetrains, combining diesel and electric power and developed by Eaton Corp., will be available in 2008 on medium-duty truck chassis made by Freightliner Corp., International Truck and Engine Corp. and Paccar’s DAF, Kenworth Truck Co. and Peterbilt Motors Co., according to several announcements by the manufacturers involved.
September 24, 2007Truck Sales Plunge 58.9% in August
U.S. retail Class 8 truck sales continued their 2007 free fall in August, plunging 58.9% from last year, the fourth straight month sales have dropped more than 50%, Ward’s Communications said.
September 24, 2007Driving Hours Remain in Effect
The current truck-driver hours-of-service rules — allowing 11 hours of driving and restarting a week after 34 hours of rest — are likely to remain in place for at least several more weeks.
September 24, 2007European Heavy-Duty Truck Sales Booming
Sharply contrasting with the U.S. drop, sales of heavy-duty trucks are booming in Europe as many fleets buy new models early to reap government incentives to adopt new emission technology before it becomes mandated.
September 24, 20072Q Truckload Driver Turnover Rates Fall
Driver turnover at large truckload carriers fell 11 percentage points to an annualized rate of 116% in the second quarter, compared with the previous three months, American Trucking Associations reported.
September 24, 2007Crude Tops $83 in Latest Record
Crude oil hit a new closing record Thursday, its sixth in seven trading days, as a tropical depression formed in the Gulf of Mexico that was on track to make landfall near New Orleans, Bloomberg reported.
September 21, 2007Freightliner Considers Moving Some Jobs East
Truck maker Freightliner LLC is studying relocating some of the operations in its aftermarket division from Oregon to the East Coast, the Oregonian newspaper reported Friday.
September 21, 2007Five Indiana Counties to Switch Time Zones, DOT Says
Five counties in southwestern Indiana will switch from Central to Eastern time beginning Nov. 4, the U.S. Department of Transportation said.
September 21, 2007IdleAire Files with SEC for Initial Public Offering
IdleAire Technologies Corp. said it has filed for a possible initial public offering with the Securities and Exchange Commission.
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